James Halstead sees record profit, despite disappointing December

Writer, Stock Market Wire
Wednesday, January 30, 2019 - 14:33

Commercial flooring manufacturer James Halstead said it had a disappointing December though trading in January was tracking ahead on-year.

At the company's AGM on 7 December, chairman Anthony Wild noted that trading had been encouraging in terms of turnover and profit for the first five months.

'The month of December was disappointing and broke with the trend of increases of the previous months,' James Halstead said.

'The reduction in this month was impacted by the UK and relates in part to fewer trading days and, we believe, year-end stock reductions by UK distributors.'

'Trading in January is ahead of the comparative period.'

The company said it had seen margin improvement and profit for the half year would be at a record level.

'Our confidence in full year progress continues and our ability to continue with strong dividend growth enhanced,' it added.

At 2:33pm: (LON:JHD) James Halstead PLC share price was +6p at 466p


Related content

Inheritance tax review questions AIM IHT perk

Many people invest in certain types of AIM stocks for their inheritance tax (IHT) benefits, however an adviser to the UK Government has questioned whether...

Thu, 11/07/2019 - 00:00


James Halstead reports flat sales amid weak growth in December

Floor coverings supplier James Halstead reported a modest uptick in first-half profits as revenues were held back by weakness in December .

For 2018,...

Fri, 29/03/2019 - 10:00


James Halstead revenue, profits up in year to date

Commercial flooring group James Halstead said it had grown revenue and profits in the first five months of its financial year.

'I am confident in...

Fri, 07/12/2018 - 14:51


AIM dividends come of age

Author: 

Dividends paid by AIM-quoted companies are set to burst through the £1bn mark for the first time in 2018 according to Link Asset Services’ inaugural...

Thu, 06/09/2018 - 00:00